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Financial Sales

Location:
Greenwich, Connecticut, United States
Posted:
May 09, 2019

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Resume:

SYNOPSIS: Accomplished, performance focused Financial Professional, with a wealth of experience in strategic planning, budgeting, analysis, tax regulations, auditing, systems conversion, main-frame and mini-computer applications across diverse industries. Strong work ethics, coupled with ability to establish effective plans of action and lead multi-discipline groups to deliver timely results in fast paced environments.

SUMMARY OF SKILL-SETS:

Provider of Business Unit Support

Working in collaboration with cross disciplinary teams, developed and implemented business plans to improve the value of the company in order to:

Secure Financing Attract Investors Improve Cash Flow Test Models to Improve Financial Performance

Financial & Management Reporting

Direct and supervise the timely preparation of Consolidated Financial Statements in accordance with US GAAP, UK GAAP, and IFRS for presentation to investors and lenders

Ensure the company is compliant with its domestic and foreign tax obligations

Timely filing of Bordereaux reporting to Lloyd’s of London.

Prepare and present the monthly management reports to the Board of Directors including:

Interim Financial Statements Forecasts Management Discussion and Analysis

Administrative & HR Functions

Design and administer the corporate insurance plans (risk management) resulting in annual savings of 40%

Restructured and administered the company’s ESOP plan to be compliant with Management’s Goals

Restructured the corporate benefit plans (medical, dental, life and 41(k)) to reflect the changing needs of the organization.

Working with HR team updating the company’s employment manual and policies ensuring that they are current and compliant with State and Federal guidelines.

BUSINESS EXPERIENCE:

INDEPENDENT FINANCIAL CONSULTANT: 2016 to Present

-Providing Financial, Administrative, and Accounting Services at a senior level to organizations in transition. Industries and services include:

oManufacturing

-Developing a series of smart metrics ( KPI’s) for a $50 million OEM manufacturer to evaluate the effectiveness of proposed changes in the manufacturing process for a company exiting bankruptcy.

oInsurance

-Prepare Financial Statements for a $250 million wholesale insurance brokerage company in accordance with US GAAP and IFRS which was being marketed via P/E firms

-Prepare tax provisions for a multi-state, multi-national company with business interests in the US, Canada, and the UK.

-Prepare and file regulatory reports for a $100 million Lloyd’s Cover Holder insurance company whose clientele were high-net individuals in the entertainment industry thus shield the company’s partners from liability

oNon-Profit

-Update the organization’s financial history into the new management company’s records

-Preparing financial statements including projected cash flows in accordance with US GAAP for presentation to the board and auditors

-Preparing IRS Form 990 and CHAR 500

-Reviewing financial statements and work papers prepared by the accounting team prior to submission to the outside auditors.

DIRECTOR OF FINANCE – Advisen Ltd., Data, Tech, Analytics and Media Co., 2009 to 2015

-Working collaboratively with the senior management team, transformed a company consistently producing

negative EBITDA results into one which generated an EBITDA result equal to 10% of its gross sales.

-By implementing financial controls on capital projects and short term spending limits, directed the company’s cash management cycle facilitating the timely retirement of short term promissory notes for the first time in the company’s history.

-Directed the fair market appraisal of the company, increasing its borrowing base over historical results thus enabling the completion of its first foreign acquisition of a strategic partner, an acquisition which doubled the company’s size over a 3 year period.

-Brought the company into compliance with all domestic and foreign taxing regulatory agencies,

-Through the development of product line, cost center, and legal entity budgeting and financial reporting, established an allocation of management team responsibilities that resulted in line managers becoming responsible for their KPI performance.

-Right sized the accounting department, training and cross all staff functions where practical that enabled the company to prepare its financial statements on a timely basis.

-Produced audited financial statements in accordance with US GAAP with a 90% reduction in audit adjustments in terms of value and quantity.

CHIEF FINANCIAL OFFICER – Elaut USA Inc., Mfg. and Operator of Amusement Equip. 2005 to 2009

-Hired, trained and developed a complete new financial and administrative team for the newly formed North American organization formed as part of the spin-off from Mondial International Corp.

-Developed pricing models for use in contract negotiations with its customers resulting in a 10% increase in same location revenues for a hospitality/entertainment organization.

-Devised financial models inclusive of fixed asset additions, operating expenses, and pricing changes to reflect expansion plans, changes in business operations, and capital requirements.

-Developed financial pricing models incorporating EBITDA, CAPEX, Price to Earnings Ratios, and Multiple of Sales ratios, to establish valuation scenarios of companies targeted for synergistic acquisitions.

-Responsible for all regulatory reporting including licensing, payroll taxes, sales and use taxes, corporate taxes, personal property taxes at the consolidated and subsidiary level for a multi-state operation.

CORPORATE CONTROLLER – Mondial International Inc., Holding Co., 1997 to 2005

-Referred by the company’s outside audit firm, Moore Stephens CPA’s, to complete the company’s financial audit

-Implemented accounting policies and procedures to ensure a timely issuance of financial statements in accordance with US GAAP for a retail/wholesale distribution, manufacturing, real estate conglomerate.

-Developed financial budgets, projections, and models to evaluate and maximize the equity value of the company’s subsidiaries selected for sale to new investors.

-Acted as primary liaison between the company, the company’s auditors, and due diligence professionals as part of the company’s mergers and acquisitions activities.

VOLUNTEERING ACTIVITIES:

Boy Scouts of America – Scoutmaster - 5 years and 5 Eagle Scouts, On Council’s Eagle Board of Review.

US Coast Guard Auxiliary – Member Flotilla 7-4

Norwegian-American Chamber of Commerce - Volunteer

COMPUTER APPLICATIONS:

MS Office Suite

Peachtree/Sage 50

MAS-90/Sage 100

Salesforce.com

Oracle

Solomon/Great Plains

FACTS

PeopleSoft

MS Dynamics/GP

SysGen

Quick Books

DMAS

EFI-Monarch

Siemens-Nixdorf ERP

AccountEdge

EDUCATION:

Pace University - Certificate of Advanced Graduate Study – Accounting, Taxation, SEC Reporting

University of Miami - MBA – Finance

The Johns Hopkins University - BA Natural Sciences

LANGUAGES:

English – Fluent Norwegian – Fluent



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